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Dec 31, 2021
Sunnova Q4 2021 Earnings Report
Sunnova's financial performance saw significant improvement despite economic challenges.
Key Takeaways
Sunnova Energy International Inc. reported increased revenue and a reduced net loss for Q4 2021. The company added 87,900 customers in 2021, and total liquidity was $831 million as of December 31, 2021.
Added 87,900 customers in 2021, bringing total customer count to 195,400 as of December 31, 2021.
Exceeded full-year 2021 guidance range for Adjusted EBITDA despite public health and supply-chain challenges.
Reduced adjusted operating expense per customer by 15% in 2021.
Total liquidity of $831 million as of December 31, 2021.
Sunnova
Sunnova
Forward Guidance
Sunnova management is increasing its 2022 customer additions guidance by 2,000 customers and reaffirming its 2022 financial guidance.
Positive Outlook
- Customer additions of between 85,000 and 89,000
- Adjusted EBITDA of between $117 million and $137 million
- Customer interest payments received from solar loans of between $45 million and $55 million
- Customer principal payments received from solar loans, net of amounts recorded in revenue, of between $134 million and $154 million